Discover how to read and understand your insurance contract with ease. Learn key terms, principles, and tips to ensure you're ...

Do you rely on third parties in your organization? Are you a third party to others? And have you signed agreements with these parties? For many, the answer to all three questions is “yes.” Do you know ...

The International Accounting Standards Board has issued its long-awaited standard for insurance contracts after more than a dozen years, requiring a consistent treatment for all types of insurance ...

If 2020 has taught us anything, it's that the world is growing increasingly unpredictable. Be it from pandemics, market swings, wildfires, and more, we’ve gone through global shocks that we never ...

Despite insurers' recent attempts to reverse and rewrite the rules of policy interpretation, the doctrine of contra proferentem, which requires that ambiguous policy provisions be interpreted in favor ...

Financial reporting for insurance companies that issue long-duration contracts will change under an accounting standard issued Wednesday by FASB. The targeted changes to the current reporting model ...

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Tuesday’s argument in Great Lakes Insurance v. Raiders Retreat Realty offers a breather between the divisive disputes about the CFPB and voting rights topping the headlines at the advent of the ...

Timothy Kyng does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...

Policyholders should be mindful that at every opportunity, insurers will seek to challenge the adoption of the doctrine of contra proferentem, and insurers will continue to advocate for application of ...